Apparently you hate money. If you didn’t, you’d be using Rakuten every time you shop on websites like Walmart and Target to save money.
They have paid me over $13,943 for things I was already going to buy for my one-person business:
They are also the reason this post is free to read. Sign up here and get $30 for free after your first use.
Late last month I asked paid subscribers of this newsletter if they liked the idea of me documenting how much money:
This newsletter makes
My digital products generate
My newer consulting business generates
The resounding response was “yes”.
Given that I have documented the P&L of my Amazon business for 3+ years now, it only feels natural to start including everything under the one-person business umbrella.
Earlier in March we started with the newsletter:
Today we will take a look at digital products and consulting.
This is something that almost no one is transparent about, but I feel like I have nothing to lose by publishing.
Let’s dive in.
My digital products exist on two platforms:
Gumroad
Whop
Gumroad is my legacy platform, while Whop is the newer one. Both have two different Stripe accounts.
Here are the results of both for February:
Total Profit: $8,065.07
My consultation numbers will require a little bit of math.
Remember this image from the newsletter post?
We have to subtract $6,303.12 from it:
Total Profit: $24,250.00
Total Combined Profit: $32,315.07
This is an impressive number, but February was a special month where I onboarded a lot of pent up demand for consultation.
That won’t happen every month.
Total Profit for 2024: $48,925.51 (January + February)
If there is anything I want you to take away from this new series, it is this:
This is what is possible when you accomplish something and then document the process/results
I’ve never had some grand strategy on how I was going to make money with digital products and consulting.
All I did was write about my business and share a little bit of it on social media.
Readers came to me and said: “Hey, do you have a course I can buy?”
I didn’t, so I made one.
Then another came along and said: “Hey, do you have a group I can join?”
I didn’t, so I made one.
Then a bunch more came along and said: “Hey, do you offer consulting?”
I didn’t, so I started to.
I don’t pay for advertising and I don’t do anything other than offer these products at the end of most newsletter posts.
In fact, there were several days last month where I didn’t get a single digital product sale.
I don’t see anything wrong with that.
Have a question? Leave it below and I’ll get to it ASAP.
When you are ready, there are 2 ways I can help you:
The Conference Room - This is my private mentorship community that also includes the following for free:
Textbook Flipping Mastery - My in-depth guide on how to start a high-margin but simple Amazon e-commerce business.
LEGO Investing Mastery - My in-depth guide on how to start a long-term “buy, hold, and sell” LEGO investing business.
1:1 Consultation - If you want me to walk you through every step of creating an Amazon and/or LEGO investing business or your own newsletter, this is for you.
Send me an email at realjarrylew@gmail.com if you are interested.
(Warning: it is expensive)